Liberty commits to motor insurance rebates
Liberty Insurance has joined Admiral in offering rebates to motor customers.
Axa is expected to follow suit with a refund package worth €20m (£17.2m), while RSA has said it will communicate with policyholders shortly.
Liberty Insurance will offer rebates of €5m as a result of the reduction in claims due to the Covid-19 restrictions. Customers will receive 15% of their existing premium for two months.
Customers can either claim the refund through a cash equivalent voucher or they can ask the company to donate it on their behalf to a charity assisting with the frontline response to Covid-19.
Tom McIlduff, CEO of Liberty Insurance, said: “We recognise that these are exceptional circumstances and now is a challenging time for many of our customers. We also recognise that risks on Irish roads are reduced in light of current restrictions.”
